The investors laugh. This planet we will own, they ask, is it Earth? No? Well, then, how much is it worth? The investors explain to the Mars expert: Owning Mars-getting all the way to Mars and back-is getting to first base. In order to have a successful venture, a venture to invest in, the property must be valuable.
How valuable? $10 billion? Hardly. A successful, manned Mars mission, according to the most optimistic estimates, would take a minimum of 10 years from planning to completion. Venture capital firms, in order to justify their high-risk investments, seek a minimum of 10 times growth in their investment over five years. And they want to be able to "cash out"-to sell their initial investment if they want to. Assuming that the $10 billion would be spent smoothly over the 10 years (i.e., tying up the capital an average of five years), means that after the successful mission, Mars would have to be worth at least $100 billion in order to justify the investment of $10 billion. A hundred billion is almost $3 an acre.
Now, even after a successful, manned Mars mission, why would other investors pay the original venture capitalists $100 billion for Martian land? (Why would they even pay $100 million, or one million?) The land would be almost completely undeveloped. For anyone to invest in such a risky proposition, there would have to be a reasonable chance for the land to be worth at least 10 times as much five years later-one trillion dollars, 15 years after the beginning of the original project.
That's almost $30 an acre. Today, you can still buy range land in New Mexico for $40 an acre. And that is with Earth's atmosphere included, and substantially lower transportation and energy costs.
i am a relatively happy customer of telus. i will not go back to shaw. i do not use telus' current 2wire piece of shit all-in-one. tried it, sent it right back.
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Slashdot Mirror
wrt54GL + tomato
as both a legitimate user and a pirate, i completely disagree.
wake me when they get to XANDROS.
No, it's bIraq.
apparently the mod and/or mods (who may or may not be on crack) didn't get the reference
He's dead, Jim.
i didn't know this was a macro$oftz article
The investors laugh. This planet we will own, they ask, is it Earth? No? Well, then, how much is it worth? The investors explain to the Mars expert: Owning Mars-getting all the way to Mars and back-is getting to first base. In order to have a successful venture, a venture to invest in, the property must be valuable.
How valuable? $10 billion? Hardly. A successful, manned Mars mission, according to the most optimistic estimates, would take a minimum of 10 years from planning to completion. Venture capital firms, in order to justify their high-risk investments, seek a minimum of 10 times growth in their investment over five years. And they want to be able to "cash out"-to sell their initial investment if they want to. Assuming that the $10 billion would be spent smoothly over the 10 years (i.e., tying up the capital an average of five years), means that after the successful mission, Mars would have to be worth at least $100 billion in order to justify the investment of $10 billion. A hundred billion is almost $3 an acre.
Now, even after a successful, manned Mars mission, why would other investors pay the original venture capitalists $100 billion for Martian land? (Why would they even pay $100 million, or one million?) The land would be almost completely undeveloped. For anyone to invest in such a risky proposition, there would have to be a reasonable chance for the land to be worth at least 10 times as much five years later-one trillion dollars, 15 years after the beginning of the original project.
That's almost $30 an acre. Today, you can still buy range land in New Mexico for $40 an acre. And that is with Earth's atmosphere included, and substantially lower transportation and energy costs.
at least BOFH knows what the hell he's doing... i fear upper management.
so when that light comes on, what are you gonna do? cover your face?
a fat tub of lard looks pretty skinny next to a huge whale.
you should listen to some press cons with the rcmp "doctor"
i happen to love uwe boll movies. they make great toilet paper.
i am a relatively happy customer of telus. i will not go back to shaw. i do not use telus' current 2wire piece of shit all-in-one. tried it, sent it right back.
frame of reference
local BC company too, dead now :(
they could be called GeekSquad
watch seinfeld next time
GIMME PAW! now excuse me while i go plaid
No, every dollar they collect from fines is just an added revenue stream on top of your taxes.
you are new here! you haven't even created an account yet!
am still alive and posting!
dent this you insensitive magnet!
apparently the rcmp is already demoing your idea in airports
Dear Stupid Fuckface, Click here to enable previews. Go fuck yourself. Love, TinyURL. P.S. You are a stupid fuckface. P.P.S. Preview Feature is old news. Get with it.